Madison Senior Life Insurance
Want to buy life insurance but aren’t sure which plan you should select? Call our life insurance specialists in Madison today. By looking over your unique situation, we’ll help you with selecting the best option for you. Call us today to take steps towards a more secure future.
About Senior Life Insurance
Senior life insurance is an agreement between a person and an insurance agency. The customer pays a specified amount, called a “premium”, on a regular basis, and in return the company pays a designated amount to a beneficiary under certain circumstances (usually at the policy owner’s time of death).
What are the pros & cons of term & universal life insurance?
Term life insurance relates to a specified time period, relating to both premium payments and the payout.
In contrast, universal or whole senior life insurance is guaranteed for the entire duration of the owner’s life. The benefits of this kind of senior life insurance include easy access to funds and tax-advantaged growth of wealth.
Each form of senior life insurance offers benefits. Speak with our senior life insurance professionals in Madison to learn about the best solution for you.
What are the benefits of a senior life insurance policy compared to investing in other ways?
All investment programs have pros and cons depending on each client’s individual financial circumstance. In order to make the proper choice, finding an experienced financial professional is necessary.
Who needs senior life insurance?
Every adult, no matter how old, has a need for senior life insurance.
Why should you purchase senior life insurance?
- Funerals can cost tens of thousands of dollars. Why put that burden on your family?
- To pay for the cost of living, such as tuition, food, and bills.
- Paying off mortgages and other debts.
These reasons are only the tip of the iceberg. Learn more by contacting a senior life insurance professional from Retirement Income Strategies.